Expected Dividend Increases For June 2025

As I'm writing this blog post, it's Friday, May 16th. The temperature here in Central Wisconsin is expected to reach a high of 66 degrees Fahrenheit, with a chance for showers later tonight. The weekend is going to also be a bit cold for this time of year, with the high temperatures set to be 56 and 60 on Saturday and Sunday, respectively.

With that aside, the month of May is half complete. That makes now a good time to look at the dividend raises that I have received so far for the month. As remaining raises come in, I'll update this blog post. I will also look ahead to the dividend boosts that I'm expecting for June 2025.

Actual Dividend Increases For May 2025

Dividend Increase #1: Main Street Capital (MAIN)

As predicted in my previous blog post of this series, Main Street Capital increased its monthly dividend per share by 2% to $0.255.

Across my 30 shares of MAIN, my net annual forward dividends grew by $1.80 due to this dividend declaration.

Dividend Increase #2: RTX Corporation (RTX)

RTX upped its quarterly dividend per share by 7.9% to $0.68.

My net annual forward dividends increased by $2.40 across my 12 shares of RTX from this dividend announcement.

Pending Dividend Increase #1: Lowe's Companies (LOW)

Lowe's has yet to up its quarterly dividend per share. However, I'm reiterating my expectation of a 4.3% increase in its quarterly dividend per share to $1.20 for later this month.

Across my 10 shares of LOW, my net annual forward dividends would grow by $2 due to such a dividend declaration.

Pending Dividend Increase #2: Medtronic (MDT)

Medtronic also hasn't raised its quarterly dividend per share yet. When earnings are reported later this month, I still believe the quarterly dividend per share will be increased by 1.4% to $0.71.

My net annual forward dividends would rise by $0.52 across my 13 shares of MDT from such an announcement.

UPDATE: MDT upped its quarterly dividend per share by 1.4% to $0.71. This lifted my net annual forward dividends by $0.52.

Expected Dividend Increases For June 2025

Expected Dividend Increase #1: FedEx (FDX)

The first dividend increase that I'm projecting for June 2025 will be from FedEx. I believe FDX will announce a 7.2% hike in its quarterly dividend per share to $1.48.

Across my four shares of FDX, my net annual forward dividends would grow by $1.60 due to such a declaration.

Expected Dividend Increase #2: Realty Income (O)

The next dividend raise that I'm expecting for next month will come from Realty Income. My best guess is that O will increase its monthly dividend per share by 0.2% to $0.269. This will be one of the four smaller raises (and one larger raise) that O announces each year.

My net annual forward dividends would grow by $0.834 across my 139 shares of O from such an announcement.

Expected Dividend Increase #3: UnitedHealth Group (UNH)

The final dividend boost that I'm anticipating for June 2025 will be from UnitedHealth Group. My guess is that UNH will raise its quarterly dividend per share by 7.1% to $2.25.

Across my six shares of UNH, my net annual forward dividends would grow by $3.60 due to such a declaration.

Concluding Thoughts:

If my remaining dividend raise plays out as anticipated, my net annual forward dividends would grow by $6.72 in May 2025. That would be like investing $224 at a net dividend yield of 3%.

If the three dividend increases that I'm expecting for June 2025 materialize, my net annual forward dividends would edge $6.034 higher. This would be equivalent to investing $201.13 at a 3% dividend yield.

Discussion:

How has your month been for dividend raises?

Did you receive any first-time payout boosts during the month?

Thanks for reading and please feel free to comment below!